Establishes a national regime for the regulation of non-economic distribution and retail regulation of gas and electricity by amending the:

Australian Energy Market Act 2004

to: apply the National Energy Retail Law and the National Energy Retail Regulations in Australia’s offshore areas; and provide that the Australian Energy Regulator, the Australian Energy Market Commission, the Australian Competition Tribunal and the minister undertake a range of functions and powers to regulate the energy retail regime;

Administrative Decisions (Judicial Review) Act 1977

to provide that decisions made under the regime are subject to judicial review; and

to restructure the Act by: co-locating and listing alphabetically definitions; ensuring powers in relation to instruments apply to all types of instruments; enabling section 19B and 19BA Orders to apply retrospectively; providing that an action by a minister other than a minister authorised to perform that action is not invalid merely on that basis; clarifying actions done by a person purporting to act under an appointment; providing that everything in an Act should be considered part of the Act; and modernising concepts; the

Legislative Instruments Act 2003

in relation to the construction of legislative instruments; and 248 Acts to make consequential amendments.

Part of a package of three bills, the bill: enables the collection and administration of the supervisory cost recovery levy; imposes a penalty for late payment; and provides for the levy or late payment penalty to be waived in certain circumstances.

Part of a package of three bills, the bill imposes a levy on certain entities regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) to enable AUSTRAC to recover the costs of its supervisory activities from 1 July 2011.

Appropriates money out of the Consolidated Revenue Fund for certain Appropriates money out of the Consolidated Revenue Fund for certain expenditure. Also amends the

Commonwealth Inscribed Stock Act 1911

to: increase the cap on the face value of stock and securities that can be on issue under the Treasurer’s standing borrowing authority to $250 billion; remove the requirement for the Treasurer to declare that there are special circumstances before increasing the cap; and create two special appropriations for costs and expenses incurred by the Commonwealth in relation to the issue or sale of stock and the repurchase and redemption of stock prior to maturity.

Part of a package of three bills to establish the Carbon Farming Initiative, the bill provides for: the purposes and functions of the Australian National Registry of Emissions Units; rules for opening and closing accounts in the registry; different types of registry accounts; procedures and requirements relating to Kyoto and non-Kyoto international units in the registry; publication of information; voluntary cancellation of emissions units; prevention or rectifying non-compliance with registry requirements; and merits review of decisions.